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Discover the most innovative offshore temporary living quarters
at stand G520
TODAYS TOP STORY
55531 ADIPEC Ear Adv.indd 1 17/07/2012 09:29
t h e t o t a l o i l & g a s s h o w
UAE investment key to energy market stabilityUAE Minister speaks
to delegates and visitors at ADIPEC opening
His Excellency Mohammed bin Dhaen Al Hamli, the UAE Minister of
Energy, has painted a bright picture for the local energy sector in
a period of exciting and challenging change, in his keynote speech
at the ADIPEC opening ceremony.The UAE will continue to expand and
invest in bolstering the local sector and ensuring
market stability and progress, the Minister told a hall packed
with the worlds leading energy players.He cited the huge
developments at Fujairahs offshore Habshan, on the east coast of
the UAE, with the recently opened pipeline and pending refinery by
way of example.While oil may be coming to an
end, huge reserves remain. They require advanced technology to
be brought to the surface, the minister said as he opened the
ADIPEC conference programme, held under the theme of Sustainable
Energy Growth: People, Responsibility & Innovation.
His Highness Sheikh Hazza bin ZayedAl Nahyan, Vice Chairman of
the Abu Dhabi Executive Council, officially opened ADIPEC 2012
yesterday, which expects to host 50,000 visitors from 91 countries
over the next four days. The concurrent conference stream features
300 expert industry speakers.
Supported by:
Official opening
DAY 2
Follow us on Facebook andtwitter.com/pipelinetweets
Official Publication
www.pipelinecommunity.com
Country to invest US$150bn 03
Iraq minister interviewed
KOC chief looks to the future 04
Kuwait expands
Focus on Saudi Arabia 22
Central Bank of oil
Mubadala makes gas exploitation a priority
34 Energetic search
NEWS11-14 November
November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
...continued on page 3His Excellency Mohammed bin Dhaen Al
Hamli
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Visit ADNOC stand (No. A01) at ADIPEC 201211-14 November
2012
www.adnoc.ae
ADNOC views staff as its greatest asset and developing them is
fundamental to the growth of the organization. The Petroleum
Institute, the ADNOC Technical Institute and the Glenelg School of
Abu Dhabi are but a few examples of ADNOCs educational projects
that foster the Excellence through People concept that provides a
business improvement model for organizations to enhance
performance.
OUR HISTORY, PEOPLE AND INNOVATION...DRIVING OUR FUTUREOUR
HISTORY, PEOPLE AND INNOVATION...DRIVING OUR FUTURE
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NEWS11-14 November
A D I P E C N E W S 2 0 1 2 3www. p i p e l i n e c omm u n i t
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Iraq could spend up to $150 billion on projects to expand crude
oil output to nearly 9 million bpd and the Arab country has the
potential to lift capacity to more than 12 million bpd, its oil
minister said at ADIPEC yesterday.Abdul Karim Al Luaibi estimated
Iraqs proven oil reserves at 143 billion barrels and said the
figure does not include the unestimated reserves of Kurdistan,
making Iraq one of the largest five countries in terms of
recoverable
crude deposits.Speaking to ADIPEC Show Daily, the minister said
$100-110 is an acceptable price for oil, noting that most producing
countries base their budgets on around $90 a barrel.We are pushing
ahead with oil projects to maintain our present capacity of 3.2
million bpd and at the same time increase that capacity...a recent
IEA study showed that Iraq can reach nine million bpd in 2018 and I
believe we can exceed 12 million bpd given the massive
potential
of our fields, he said.Reaching that capacity could involve
investment of $130-150 billion which could be shouldered by the
foreign oil companies developing our fields...these companies are
tied to agreements with Iraq on a services basis...they invest in
projects, and then we pay them when we start producing.Al Aibi said
reach a capacity of more than 12 million is very easy, but added:
the problem is not with capacity but with marketing...if we
can market that amount then we are able to reach that target.He
said Iraq, a key OPEC member, has signed major oil deals with key
global firms such as BP, Shell, CPC of China and other companies,
adding that such deals focus on developing oil and gas fields as
well as upgrading export terminals.We will be pressing on with such
projects to rehabilitate our oil sector...we aim for stable oil
production in the coming period. Investment for stability
As world energy demand increases, the need for a stable market
increases for both producers and consumers.The minister thanked HH
Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE for
unwavering support which has seen great and consistent efforts made
in energy, particularly oil and gas. His Excellency said ADIPEC
underlines the vibrant state of the energy sector, particularly as
extensive efforts are made to turn Abu Dhabi into a green hub.This
involves investment and long-term development. The sheer scale of
ADIPEC reflects an excellent opportunity to discuss technical
problems and their solutions.The industry faces problems but steps
had been taken to offset
them. The next four days will provide a chance for networking
and business, the minister said.Ali Rashid Al Jarwan, CEO of Abu
Dhabi Marine Operating Company (ADMA-OPCO) and chairman of this
years ADIPEC conference programme, echoed the ministers
views.Research and training have enabled oil and gas to remain
strong. He said standards now exceed the industry norm.The minister
said this presents opportunities for the industry and more and more
we need to explore and create partnerships.The theme of this years
ADIPEC is at the heart of the industry, the minister said. This
years programme offers more depth of content than ever.
NEWS
Iraq set to invest $150bn in big oil capacity expansionMinister
says capacity is likely to reach 9mn bpd
Conference chairman describes event principles at elite expo
forum
Energy Minister HE Mohammed bin Dhaen Al Hamli presenting SPE
President Egbert Imomoh with a gift
...continued from front page
Formally introducing the conference component of ADIPEC 2012,
Ali Rashid Al Jarwan, Chief Executive Officer of Abu Dhabi Marine
Operating Company (ADMA-OPCO) and Chairman of the ADIPEC 2012
conference programme, said this years itinerary was the
most comprehensive to date, with more than 400 presentations and
technical papers scheduled.Mr Al Jarwan said: This year offers more
depth and scope than ever before. ADIPEC was founded on the
principle of sharing knowledge and experience. This principle is as
relevant
now as it was 25 years ago when ADIPEC was established.During
the opening ceremony, Al Jarwan recognised the enduring
contribution to industry excellence of Egbert Imomoh, President of
the Society of Petroleum Engineers, organisers of the
ADIPEC conference.A former senior executive with Shell Nigeria,
Imomoh praised ADIPEC as an environment of collaboration and
education.ADIPEC will help us growing individually [at the SPE] and
as a society, he added.
ADIPEC: knowledge sharing is pivotal
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NEWS11-14 November
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
HB Kuwait will spend $56 billion on sweeping oil and gas
expansion over the next five years, according to Sami Al Rushaid,
Kuwait Oil Company (KOC) chairman and managing director.
The country intends increasing its oil production capacity to
3.65 million
bpd by 2020, up from its current figure of about 2 million bpd,
the KOC chief revealed.
The production expansion is part of a broader plan to increase
oil output to 4 million bpd by 2030 which is in response to Kuwaits
increasing power demands and maturing oil fields.
This will require a huge
increase in our production from primary and secondary sources.
We aim to incorporate 750,000 bpd of this from new exploration, Al
Rushaid told a top-level forum at ADIPEC.
Our growth needs reserves. We will need new reserves
offshore.
The growth in Kuwaits oil production will come from both crude
and heavy oil production, with EOR expected to add an extra 180,000
bpd and heavy oil to increase by 220,000 bpd, said Al Rushaid.
Water-flooding is set to play a significant role in this, with
Al Rushaid citing two recent trial wells.
In a very short time, this opened our eyes to the potential of
EOR, by playing early and fast. Since pace is critical, the scale
of these has to
have a timely impact.Gas will also play
an important role, with production of non-associated gas set to
increase ten-fold to
around 1.5 bcf by 2030. Not only are we now developing oil
reserves [in line] with growing local electricity demand with 35
tcf in gas reserves, this is something we cant ignore, said Al
Rushaid.
Despite the opportunities the NOC expects to leverage, Al
Rushaid acknowledged it wasnt
without difficulties. It all sounds so easy, but not when you
consider the magnitude of the task in relation to our relatively
young skill base, he said,
with local skill shortages a problem impacting the industry
across the region.
He added that KOC is committed to attracting, recruiting and
retaining talented people.
Developing human resources is such a vital issue.
Technology was another challenge: What do we
need? Reserves and the technology to unlock themour growth needs
continuous replacement of reserves and this will rely heavily on
technology.
He also stressed that clear and stable contractual agreements
are essential.
Overcoming bottlenecks in its pipeline networks - which he
compared to spaghetti- was another issue, along with being mindful
of environmental considerations.
Turning to the eco-issues, the KOC chief said: We need a close
focus on safety and environment. Our record in reducing gas flaring
is testimony to creating a better environment for the employees and
the community of Kuwait.
KOC has a very exciting journey ahead.
Total would not choose between Baghdad and Kurdistan, the French
companys Chief Executive Christophe de Margerie said.
We do intend to develop in Kurdistan. We hope they (Baghdad and
Kurdistan
Regional Government) will quickly find solutions, De Margerie
said on the sidelines at ADIPEC.
Iraqs central government says oil deals northern Kurdistan
region are illegal.
Total annoyed Baghdad when it announced it had agreed to buy a
stake in
two blocks in Kurdistan.We are working to
cancel Totals stake in the Halfaya contract. We will disqualify
and terminate the contract of any company signing a deal with the
Kurdistan region without the approval of the oil ministry,
Abdul-Mahdy Al-Ameedi, director of the ministrys contracts
directorate, recently told reporters.
It will be difficult for Total to renegotiate a new deal in
South Iraq, De Margerie said yesterday.
The Iraqi Government said Total will have to choose between
Kurdistan and the South. We dont choose to choose.
Baghdad and Kurdistan have a long-running dispute about who
controls contested territories and oil rights along their internal
frontier.
In June, Total and its partners PetroChina and Petronas started
production at Halfaya oilfield. Total has an 18.75 per cent
stake
in the operation through a deal inked with Iraqs central
government in 2010.
Total has said it is keen on Kurdistan investments because terms
were better than those offered in a recent bidding round by Baghdad
for the rest of Iraq.
Meantime, De Margerie yesterday revealed that Total is involved
in discussions concerning selling some of its assets in Nigeria. He
declined to name the prospective buyer/s.
The story has been the subject of much media speculation but
hadnt been confirmed.
Our strategy is making our portfolio more active.
Yes, we are discussing with certain buyers about selling certain
assets in Nigeria. This does not mean we will not continue our
activities in Nigeria.
De Margerie said Totals largest investment in Africa was in
Nigeria.
This does not mean we are scared and intend to start some kind
of walking out of Nigeria. Total is happy to develop its projects
in Nigeria. Walking away from Nigeria? Not at all.
Chinas Sinopec has been mentioned as likely to buy stakes in
Nigerian onshore oil blocks from Total.
De Margerie declined to comment but said he would not deny the
report.
COUNTRY FOCUS
Kuwait in major oil and gas expansion$56 bn to offset power
demands, boost reserves
Our growth needs continuous replacement of reserves and this
will rely heavily on technologySami Al Rushaid, chairman and MD,
KOC
NEWS11-14 NovemberHall 9, Stand 9020
NEWS11-14 NovemberAtrium, A07
Total wont choose in IRAQ-Kurdistan dispute
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24023_Daily news 36.5x27.6Citizenship.indd 1 10/4/12 11:50
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NEWS11-14 November
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
After a four month judging process, the winners of the second
ADIPEC awards were finally announced at a gala dinner last night in
Abu Dhabi. A key feature of ADIPEC, the awards recognised projects
implemented or operational over the last 18 months that have raised
the bar for excellence in the oil and gas industry.
The winners, chosen from 170 applications across five categories
including management, technological innovation and corporate
social responsibility, were announced during a gala dinner at
the St. Regis Saadiyat Island Resort. The awards ceremony was
hosted by ADNOC and a keynote address delivered by HE Abdulla
Nasser Al Suwaidi, Director General of ADNOC. All winners and
finalists are projects that have been implemented or operational
between December 2010 and January 2012. All five categories focused
on projects and initiatives within the Middle East and North Africa
(MENA) region.
Winners were chosen after a rigorous three stage judging process
by a 21 member Regional Select Jury, comprising senior executives
of
the ADNOC Group, Saudi Aramco, Bahrain Petroleum Company,
Petroleum Development Oman, Shell and Total, as well as
representatives
from leading academic institutions and professional
associations.
Shell and Petroleum Development Oman (PDO) were the recipients
of
two awards, with Saudi Aramco judged as the winner in one
category.
The Pearl gas-to-liquids plant was judged the Best MENA Oil and
Gas Project
ADIPEC AWARDS
EXCELLENCE IN ENERGY AWARDS: AND THE WINNERS ARE..
M
azen
Abu
srou
r, Jo
rge
Ferra
ri
Implementing the most advanced technologies in mature eld
management demands more than leading-edge innovation.It also
requires the ability to listen carefully to your needs and
aspirations and to think out of the box.For almost 75 years, Total
has been the committed, reliable, innovative partner whom you can
count on to support Abu Dhabis sustained development.
www.total.com
YOUR INNOVATIVE PARTNER SINCE 1939Abu Al Bukhoosh, delivering
cutting-edge technology and competencies
Saudi Aramco, PDO and Shell receive industrys top awards
-
NEWS11-14 November
A D I P E C N E W S 2 0 1 2 7www. p i p e l i n e c omm u n i t
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
by the RSJ. Chosen from a shortlist of six projects, the Shell
GTL plant demonstrated the best quality project management that
emphasised safety while meeting financial and business targets.
Jointly owned by Shell and the Qatari government and situated in
Qatars Ras Laffan Industrial city, this plant will produce an
estimated 3 billion barrels of oil equivalent of natural gas
within its lifetime.
For the Best MENA Oil and Gas Innovation or Technology category,
the Smart Waterflood project by Saudi Aramco was judged as the
winner. A highly technical category, Saudi Aramco was found to have
advanced the development of new
technology with a special emphasis on contributing to the
knowledge economy of Saudi Arabia. This project notably uses
seawater as an enhanced oil recovery method to extract oil from
Saudi oilfields.
Health, Safety and Environment was the focus of the Best MENA
Oil and Gas HSE Project or Initiative and was
won by Petroleum Development Oman for its NIMR Water Treatment
Plant. The NIMR Water Treatment Plant was recognized for the
application of innovative technologies and the effective management
of people and systems by re-using up to 45,000 m3 of wastewater
from their oilfields per day.
Adding value to communities was the focus of the Best MENA CSR
Initiative, and was awarded to the Shell- Iraq Majnoon project.
Shell will spend an estimated US$2billion on this oilfield by the
end of 2012 in order to reach a targeted 175,000 barrels of oil per
day.
Petroleum Development Oman was awarded Best MENA Oilfield/ Gas
Field Management Strategy for its management of the carbonated
reservoirs in Oman. PDO was recognised for adopting best practices
in management across subsurface, automation, operations,
engineering and IT departments.
The ADIPEC Awards jury panel comprised representatives from
important international
and national oil companies who are effectively the decision
makers on new projects in the MENA region. Being the winner of an
ADIPEC Award is not only an honour, it also represents a regional
benchmark for innovation and excellence, said Kimon Alexandrou,
Commercial Director at dmg::events, organiser of ADIPEC.
For his leadership, support and guidance over the last two
years, Mr. Ali Al Jarwan was given a special recognition award. As
the Chairman of the ADIPEC Conference, Mr. Jarwan has been
instrumental in transforming ADIPEC into the largest oil and gas
conference in the MENA region.
ADIPEC AWARDS
M
azen
Abu
srou
r, Jo
rge
Ferra
ri
Implementing the most advanced technologies in mature eld
management demands more than leading-edge innovation.It also
requires the ability to listen carefully to your needs and
aspirations and to think out of the box.For almost 75 years, Total
has been the committed, reliable, innovative partner whom you can
count on to support Abu Dhabis sustained development.
www.total.com
YOUR INNOVATIVE PARTNER SINCE 1939Abu Al Bukhoosh, delivering
cutting-edge technology and competencies
-
NEWS11-14 November
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Sound policies needed to meet energy demand
The energy industry will need to forge new and innovative
partnerships while governments will be required to establish sound
policies to enable development energy to meet global demand, Morten
Mauritzen, Lead Country Manager of Exxon Mobil Corporation, said
yesterday at ADIPEC.
The future of millions of people from their transportation and
jobs to their health care and childrens education will depend to a
large degree on how government and industry fulfill their roles in
unlocking new supplies of energy, he said.
By the year 2040, the global population is expected to grow by
about 25 per cent, pushing energy demand about 30 per cent higher
than today. Mauritzen said to meet that need, industry must pursue
the development of new energy supplies in a way that is safe,
secure, and protects the environment for future generations.
The best way to meet both parts of these twin energy
responsibilities developing new supplies and being wise stewards of
the environment is through innovation, Mauritzen said, pointing to
development of shale oil and gas through the combination of
directional drilling and hydraulic fracturing.
Today, we can produce unconventional oil and natural gas that
were believed to be not
just uneconomic, but physically impossible to recover just a
decade ago. Innovation has enabled our industry to breathe new life
into old fields, enhancing recoveries from existing wells with
strategies that can take into account decades of previous
production, he added.
Mauritzen noted that innovation is driving increased development
of the Upper Zakum field in Abu Dhabi, considered to be the worlds
largest oil field. Through the ZADCO joint venture, where
ExxonMobil is a strategic partner for ADNOC, the field is being
completely redeveloped. Extended reach wells are being drilled from
artificial islands, enabling additional production which will add
several hundred billions of dollars in value to Abu Dhabi.
The essential principles for visionary and innovative
partnerships include a focus on creating maximum value over the
long haul, distributing risks fairly among partners to ensure all
parties are rewarded proportionately for the value they create and
long-term relationships that increase investments in new
technologies and techniques, said Mauritzen.
Our industry has proven we can unlock new supplies of energy
safely and responsibly when governments establish and maintain
sound and stable policies, he said.
BP Middle East spoke to ADIPEC SHOW DAILY.
How do you see ADIPEC, and what do you expect from your
participation?
ADIPEC is one of the biggest energy events in the Middle East
and one of the most important oil and gas events globally. It has
gone from strength to strength over the years to become a major
event where high-profile industry delegates, professionals,
suppliers and service providers meet to discuss the latest
developments and technologies in the industry. ADIPEC contributes
greatly to the oil and gas industry in the region by allowing
people to share knowledge
and network. For BP, our presence is about showcasing our global
upstream technology and demonstrating what makes BP a world-class
operator, a good corporate citizen and a great employer.
How is 2012 for BP?2012 was a continuation
of our strategy to play to our strengths and to reinforce our
risk management processes and structures. Were focusing on the
strengths that will create value. In BPs case those strengths are
exploration, deepwater production, giant fields, gas supply chains,
and a world-class downstream business, all underpinned
by technology and relationships.
How do you see the markets in future?
BP provides a long term projection of future energy trends and
key uncertainties in its Energy Outlook 2030. The outlook projects
growth in overall energy demand
(liquids, natural gas, coal and non-fossil fuels) of growth of
about 1.6 per cent a year to 2030. This will mask an even sharper
contrast as we expect OECD consumption to stay essentially flat but
non-OECD consumption to rise by 70 per cent, driven by economic and
demographic growth.
INTERVIEW
NEWS11-14 NovemberAtrium, Stand A08
BP: 2012 year of recovery Company plays to its strengths
NEWS11-14 NovemberHall 5, Stand 5010
ADIPEC is one of the biggest energy events in the Middle East
and one of the most important oil and gas events globally. It has
gone from strength to strength over the years to become a major
event.
-
1204
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Looking back on decades of operati-onal expertise within the
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Your global success will be built on our global capabilities
organized in a network spread around virtually all continents with
a strong local footprint to serve our clients. In particular, we
serve the oil and gas market in the Middle East.
Get in touch with us.
And it makes Air Liquide Global E & C Solutions your partner
of choice.
Know-how is more attractive than ever.
AIR2185026_AZ_ADIPECNEWS_276x365_2012_RZ.indd 1 17.10.12
11:03
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NEWS11-14 November
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Masaood John Brown (MJB) is a total service provider to owners
and operators of industrial gas turbines worldwide. The companys
long history in the Middle East started in 1969 when it sold the
UAEs first gas turbine into the market. In 1979, MJB was originally
formed as a joint venture between Mohammed Bin Masaood and
Scotland-based John Brown Engineering and is now 100 per cent owned
by Al Masaood Group
In March this year, the company expanded its operations, opening
a new state-of-the-art repair and manufacturing facility in Jebel
Ali, Dubai. The customised air-conditioned
workshop covers an 8,000 square-metre area, with full capacity
to repair heavy industrial gas turbine stationary and rotating
parts, including FA and DLN technology.
MJB can now offer
re-blade and balancing of rotors up to and including Frame 9, as
well as stock exchange pool rotors across the full range of GE
Frame gas turbines, said Nathan Griffiths, sales manager for Gulf
Peninsula,
MJB. This includes a Frame 9 turbine section and re-bladed
compressor section, allowing us to ensure both regional and
international customers have access to critical parts on an urgent
basis.
The company is using ADIPEC 2012 to maintain customer awareness
of new developments and capabilities, such as the new Jebel Ali
facility. A valuable aspect of ADIPEC is that it allows us to
aim
not just at clients within the Gulf market, said Jim Page, MJBs
regional sales manager for Africa, Near East and Indias. As the
show has evolved, it has become much more international, allowing
us to increase our reach in
terms of global awareness. To this effect, the MJB stand is
showing a new corporate video, demonstrating the companys full
capabilities and the significant investments it has made into its
product portfolio.
FMC Technologies has enjoyed a 50-year presence in the Middle
East via its numerous support centres, facilities and after market
services. As a leading services provider, its strengths lie in
sub-sea, surface wellhead, and high pressure pumping for fluid
control and marine loading arm solutions.
Its relationships in the Middle East extend to some of the
regions most prominent oil and gas companies. These include GASCO
(the companys local partner) and ADNOC operating units such as
ADCO, ADMA-OPCO and ZADCO.
Were at ADIPEC to keep
our partnerships strong, said Douglas Moody, senior VP and GM
Asia Pacific/Middle East region. We are hoping to have discussions
with all our partners while were here.
FMC Technologies has had a presence at ADIPEC, either directly
or through its local partners, since the shows first issue in 1985.
With the demand for oil development and particularly natural gas,
it has added production and service capacity to the market.
This capacity is particularly in terms of the higher
specifications required for natural gas, across all aspects from
production and installation
services through to life field support, said Moody. With our
global strength as a leader in the development of unconventional
sources, such as shale oil and gas, we aim to bring the same
technologies to the Middle East as unconventionals feature to a
greater extent in the region.
At the same time there are challenges in helping to solve
customers issues, he acknowledged: Some of the infrastructure still
isnt here. FMC can provide the technologies that help clients bring
them to implementation, not just through the technologies
themselves, but through training and other types of support.
INTERVIEW
Leading the way in gas turbines
Unconventional expertise
MJB delivers new repair and manufacturing facility for Middle
East customers
FMC Technologies taps into new regional ground
Compressor blade inspection
Douglas Moody
NEWS11-14 NovemberHall 4, Stand 4010
NEWS11-14 NovemberHall 4, Stand 4100
As the show has evolved, it has become much more international,
allowing us to increase our reach in terms of global awareness.
-
We put you first.And keep you ahead.
Copyright FMC Technologies, Inc. All Rights Reserved.
FMC Technologies has improved surface wellhead reliability by
applying advanced sealing technology often used in our subsea
applications. We have eliminated steps in drilling and completion,
to help you save rig time and maximize crew safety. And our
strategically located manufacturing facilities and service bases
ensure that you get what you need the minute you need it. So dont
settle for average when you can economically boost long-term
reliability, time savings and safety with a single call to FMC
Technologies.
FMC Technologies276mm x 365mm
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Gerab National Enterprises, a veteran in the pipes and pipe
fittings supply industry, based in Jebel Ali Free Zone in Dubai has
been a regular participant at ADIPEC for the last two
decades. This year, Gerab is keen to demonstrate its strength
gained during its 35 year existence.
Gerab has participated at ADIPEC since the exhibition started
two decades ago, and we are proud to be part of this
major exhibition. We are excited that as of next year onwards
ADIPEC will become an annual event, giving us an opportunity to
stay closer to our customers every year, said Abdulla Sharafi,
President of Gerab National Enterprises.
Supplying pipes, fittings, flanges, stud bolts, valves, gaskets,
and other bulk material world-wide since 1977, Gerab has
accumulated unmatched experience managing bulk material supplies
for projects and day-to-day requirements.
NEWS11-14 NovemberHall 1, Stand 1060
AROUND the hALLS
Gerab showcases pipesPipes supply company regular ADIPEC
participant for two decades
TAQA on the attack
Abu Dhabi-based Taqa Energy Company is eying new investment
opportunities in the Middle East and North Africa as it pushes
ahead with plans to boost production in the North Sea and other
areas.
The government-controlled company, one of the largest energy
investment firms in the Middle East, has been locked in
negotiations with Turkey for a planned major power project and
hoped a deal would be reached before the end of this year.
Taqas CEO Carl Sheldon told ADIPEC show daily the company pumped
nearly 139 million equivalent barrels per day of oil, gas and power
in 2011, adding that expansion plans would widen the capacity in
the coming years.
TAQA is a company with international reach and we have growth
aspirations to match this. North Africa and the Middle East are
ripe with opportunities for new projects and TAQA is constantly on
the lookout for new opportunities in these regions that
would complement the make-up of our existing portfolio, he
said.
We have also identified Iraq, Saudi Arabia and North Africa as
regions where demand for reliable power and clean water is strong
and growing.
He said Taqas crude oil production peaked at nearly 139,100 bpd
in 2011, mostly from its assets in Britains North Sea, Iraq, the
United States and Canada.
We are engaged in exploration, development and production of
crude oil, natural gas, natural gas liquids, gas storage, oil and
gas processing and transport. We plan to develop oil and gas assets
alongside power and water projects in countries in North Africa and
the Middle East, but plans are also underway to boost production in
the UK North Sea - an area we have had considerable success with
taking over late life assets and turning them around, he said.
In the Netherlands we are currently developing the Bergermeer
storage facility, which will double the Netherlands seasonal gas
storage capacity.
Carl Sheldon
NEWS11-14 NovemberHall 4, 4120A
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
With more than 60 years experience, French firm Froment designs
and produces fall arrest equipment.
Froment has partnered with Sharjah-based Allsafe Leadership in
the Middle East, a producer and exporter
of fall arrest equipment, lifting gear, webbing, slings and
cargo lashings to more than 35 countries.
Comfort of use, safety and quality are our priorities, said
Emile Vivien from Froment. Our production sites strictly follow the
highest standards of production control.
Froment and Allsafe are both ISO 9001:2008 certified.
At ADIPEC 2012, Vivien said: We would like to invite key oil and
gas general managers, HSE professionals, purchasers, and
construction and project managers to visit our stand. We are
displaying a wide range of PPE
and fall arrest products. Visitors can benefit from face-to-face
interaction with our technical advisors and seeing the products
first-hand.
Froment is showcasing products from its PPE and fall arrest
range, focused predominantly towards the oil and gas industry.
NEWS11-14 NovemberHall 9, Stand 9055C
Promoting safety at heightJohnson shows process cooling
capabilityADIPEC focus for new launches
Johnson Controls Middle East, headquartered in Dubai, UAE, looks
after 17 countries from Turkey to Yemen; Pakistan to Libya.
It has a long established history of many successful projects in
the region. Johnson Controls is showcasing its capabilities in the
Process Cooling
field at ADIPEC 2012. As well as launching the new 408 screw
compressor and Quantum HD Controller, JCs staff is looking forward
to meeting with customers and potential
business partners. Johnson Controls is
pushing the envelope on oil-flooded rotary screw compressors
with the addition of the Frick brand 408mm series to a long line of
well-respected compressors. With three new models, the range now
extends from 71 CFM (122 m3/hr) to over
8,200 CFM (13,950 m3/hr). Applications include process
refrigeration, natural gas gathering, process compression, and food
and beverage refrigeration.
Joe Pillis, Director of Engineering for Industrial Refrigeration
with the sleeve bearing prototyope.
Johnson Controls is pushing the envelope on oil-flooded rotary
screw compressors
NEWS
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Multistage stiMulation systeM for unceMented
coMpletions
Falcon
The Falcon* multistage stimulation system for uncemented
completions enabled Wyatt Oil + Gas to complete five horizontal,
multilateral wells with no service quality issues. The result:
higher production, faster execution, and lower costs.
We were very pleased with the quality of the service
Schlumberger provided. They were available 24/7 to make sure
everything worked smoothly. Now the Falcon system is our method of
choice for multistage stimulation.
Darren Shaw, President, Wyatt Oil + Gas Inc.
www.slb.com/falcon1
schlumberger can help you work faster and smarter in
unconventional reservoirs. Visit schlumberger booth 4080 to learn
more.
Global Expertise | Innovative Technology | Measurable impact
*Mar
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Multistage stimulation, seamless execution
ADIPEC has introduced a new feature aimed at its most
high-profile guests: the Middle East Petroleum Club (MEPC), which
opened this morning with a host of high level industry figures
attending.
When developing the idea for the Middle East Petroleum Club, we
decided to go to the market and ask them what they wanted. We have
the support of senior executives from Sonatrach, ADNOC, Saudi
Aramco, KPC, PDO and BAPCO on this exclusive club initiative, so
we know this is a very much needed and appreciated initiative, said
Simon Mellor, of dmg::events, organisers of ADIPEC.
MEPC will provide
its guests with five-star cuisine and luxury lounge facilities,
and promises to be an ideal location for industry decision makers
to exchange ideas, strategies and best practice.
During the first day,
Middle east PetroleuM Club
Key players get five-star treatment Business lounge facility for
senior industry executives
Hirobumi Kawano, president, JOGMEC, Japan National Oil, Gas and
Metals Corporation described it primarily as a social area to see
colleagues and friends and exchange ideas. We will also invite
counterparts in the conference room for more private conversations,
he said.
Its a very good idea to have this type of separate environment,
said Paul Navratil, Middle East energy, utilities and mining
leader, PricewaterhouseCoopers on the opening morning. Its
difficult to conduct senior-level meetings in a big hall
environment. I have several meetings lined up already.
Bob Jordan, partner in-charge Middle East, Baker Botts law firm
and also at the opening, agreed. If you want to encourage senior
people to come to something like this its helpful to have the
personal touch in a serene environment, he said. MEPC has been
well-executed by friendly and knowledgeable staff.
Research conducted
during the planning phase of ADIPEC found that there are an
estimated 1,200 professionals across the Middle East and North
Africa who work in medium-to-large oil and gas organisations with
the title of director and above. The idea behind the MEPC was
therefore to support networking among this important group of
senior professionals.
Etihad Airways is hosting the guests, providing them with the
first class service you have come to expect from Etihad and ensure
that executives take full advantage of the facility. Invitees will
receive an exclusive VIP MEPC badge that will allow them access to
conference plenary and panel sessions, the ADIPEC exhibition area,
and the Middle East Country Briefing panels.
The Middle East Petroleum Club runs daily from 9:30am to 6:00pm
on November 11-14 at the ADNEC grandstand area. All members of the
Club will be personally invited.
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Exterran is the global leader in natural gas compression
equipment and services. We have decades of experience as a premier
provider of equipment and solutions for gas processing, production
equipment, produced water treatment, and aftermarket parts and
services. Our global contract compression, gas processing
operations and equipment maintenance capabilities are
world-renowned.
As you can see, our breadth of products and service offerings is
unrivaled. Yet what sets us apart even more is speed and expertise.
Exterran gives you a single, steadfast source for product
integration, project management and efficient delivery. Add to that
installation, start up and expert operations and maintenance and
youre able to get your operations running faster and keep them
operating.
Exterran helps you get it done. Right. Now.2012 Exterran
Holdings, Inc. All rights reserved.
Your goals. Our priority.
Exterran DubaiEast Wing 5B, 4th Floor
Dubai Airport Free Zone, Dubai, UAE+971 4-602-7100 TEl+971
4-299-0279 FAx
www.exterran.com
Visit us at StaNd #11115
ADIPEC 2012
At ADIPEC 2012, Schlumberger will showcase its strengths in
combining services, workflows and software, with a particular focus
(and video demonstrations) on extended reach drilling.
Featured technologies will include mud-logging, well
intervention, well services, wireline and testing services.
Hussein Fouad El-Ghazzawy, GM & VP, Schlumberger UAE, said:
ADIPEC provides a great opportunity to showcase emerging
technologies, and new workflow processes, specifically developed to
support our
customers exploitation of hydrocarbons from increasingly
challenging reservoirs in the most efficient, economic and safe
manner. Schlumberger is proud to have been involved in the regional
oil and gas industry since its very outset. In 2011, we celebrated
60 years of operating in the UAE and consider ourselves an integral
part of the local landscape.
El-Ghazzawy cited the importance of enhancing recovery as one of
the biggest priorities for Schlumberger, which it is achieving by
improving sweep efficiency and reservoir monitoring systems.
Drilling
optimisation will remain key to this part of the world, he
said.
Another Schlumberger initiative is its PetroMod petroleum
modelling software that combines seismic, well, and geological
information to model the evolution of a sedimentary basin, and
predict if and how a reservoir has been charged with hydrocarbons,
including migration
routes, quantities, and hydrocarbon type.
In the meantime, with 2011 revenues of $36.96 billion,
Schlumberger continues to deliver outstanding results.
El-Ghazzawy is proud of Schlumbergers innovation in another area
the Regional Journey Management Center (RJMC). Launched here in
November 2010, the
RJMC has seen an 89 per cent reduction in speeding incidents, 77
per cent reduction in fatigue-related driving and 30 per cent
reduction in auto accident frequency. The successful initiative
is now spreading to other Schlumberger centres globally.
MOVERS AND SHAKERS
Exploring new territoriesSchlumberger is among ADIPECs most
prominent exhibitors
Hussein Fouad El-Ghazzawy
NEWS11-14 NovemberHall 4, Stand 4080
In 2011 we celebrated 60 years of operating in the UAE and
consider ourselves an integral part of the local landscape.
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Siemens has chosen ADIPEC to reveal it has signed a three-year
service contract for the maintenance of the strategic
Habshan-Fujairah crude oil pipelines automation and telecom
system.
Ali Vezvaei, Siemens executive vice president and general
manager Oil and Gas, told ADIPEC Daily said the company is
particularly proud of the deal as the project is of national
interest.
The contract is for maintenance, operational support services.
Siemens designed, engineered, installed and commissioned entire
automation and telecom system for strategic pipeline and the
company will train ADCOs workforce on operation, maintenance of
bespoke system
Under the terms of the maintenance contract, signed with the
pipelines operator, Abu Dhabi Company for Onshore Oil Operations
(ADCO), and includes the option of a two-year extension, Siemens
will provide comprehensive maintenance services for the pipelines
automation, control and telecom system that has been installed and
commissioned by the company, enhancing the facilitys operation and
also bringing advanced training to the teams managing it.
The Siemens pipeline automation, control and telecom system
installed
at the Habshan facility ensures that the pipeline operates
reliably and safely in all potential scenarios, allowing the
operators to swiftly control a wide range of variables, including
different stations and streams, from a central location, said
Vezvaei.
The approximately 380-kilometre Habshan-Fujairah oil pipeline
runs from Abu Dhabi to the emirate of Fujairah, located on the Gulf
of Oman. With a nominal capacity of about 1.5 million barrels a
day, the pipeline began pumping crude in June 2012 for the first
time and presents the UAE with an alternative to shipping oil
through the Strait of Hormuz.
Vezvaei said: We have been comprehensively involved in the
Habshan-Fujairah pipeline project from an early stage, and this
service contract means that Siemens is in a position to offer
continued localized support to ADCO with day-to-day maintenance and
lifecycle services, and also with adjustments and enhancements that
are essential to the continued reliability, efficiency and safety
of the system.
Under the terms of the service contract, Siemens will also
maintain a presence on site in order to implement a comprehensive
training program, designed to prepare ADCOs workforce for
independent operation of the bespoke automation system.
Vezvaei said that
the project had been multi-dimensional and that Siemens solution
resulted in the seamless integration which resulted in flawless
operation.
He said in the future a number of requirements for enhancement
and familiarising people with the operation.
The operations scheme will vary according to sources as well as
methods used to ship out oil.
When they ramp up the project theyll call in all sorts of
modules. All of the enhancement will be supported by us.
When it is operational we will be shoulder to shoulder with the
client.
We expect by early January that well be deploying our resources
in the field.
Dietmar Siersdorfer, CEO, Energy, Siemens Middle East, added:
The signing of this
service contract is a prime example of our commitment to the
development of the regions infrastructure.
Siemens has a long-established presence in this region and has
been a trusted partner for many of the Middle Easts landmark
projects. Service
contracts such as these are an important part of our business,
vindicating the decision to maintain comprehensive locally-based
expertise, and also ensuring that our installed equipment, from all
divisions, continues to exceed expectations throughout its
life.
INTERVIEW
Siemens inks maintenance contract for Habshan-Fujairah
pipelineOil link is of national interest
Ali Vezvaei Dietmar Siersdorfer
The Siemens pipeline automation, control and telecom system
installed at the Habshan facility ensures that the pipeline
operates reliably and safely in all potential scenarios
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Bob Dudley, the BP CEO, yesterday presented a blueprint at
ADIPEC aimed at meeting the challenges the industry faces, in the
Gulf and globally.
While the industry faces challenges nowadays, it has triumphed
over greater ones in the past, he said.
BP has a great affinity with the UAE as the company and country
have worked together since the industry emerged in the emirate.
BP has been working in Abu Dhabi since the inception of the
industry (there). And we are
investing several billion dollars over the next few years, he
said.
Dudley, one of the keynote speakers at the high-level ADIPEC
conference, said the industry needs to find new green
fields, preserve brown fields, find unconvential gas, use energy
more efficiency and create an eco-friendly energy mix.
And it was pivotal to put in place structures and systems for
risk
management, he said.We need to reduce risk
in what is a risky business.He gave the example of
BP introducing a simple process of cooling sub-sea
pipelines.
BP has also stepped
up exploration and seismic investment.
BPs $35 billion divestment programme across its global oil and
gas operations part of its total $38 billion divestment target
between
2010 and 2013 was also addressed by Dudley.
Spanning a broad range of its operations, this selling off of
assets came from its exploration and production and pipeline
assets, with oil and gas wells accounting for 30 per cent.
Meantime, Reuters reported that BP feels it can be included in
the bidding process for Abu Dhabis largest onshore fields after
being initially passed over.
Im positive about it ... Im optimistic that cooperation will go
on for a long time, the agency quoted Dudley as saying, adding that
he hoped to hear about the concessions
in the next week or so.Reuters had quoted
industry sources in August as saying that BP, which holds a 9.5
per cent stake in the ADCO concession that is coming up for renewal
in 2014, would not be allowed to participate in the
pre-qualification process due
to the UAE disagreeing with some UK policies.
We never knew we were excluded and I think the spirit and the
feeling of the communications that we have is positive and we have
been talking at multiple levels on this, Dudley was quoted as
saying.
PLENARY SPEAKER
Dudley maps out plan for Energy industry futureBP steps boosts
exploration, seismic investment
NEWS11-14 NovemberHall 5, Stand 5010
We need to reduce risk in what is a risky business
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Below.
Above.
& Beyond.
Parker specialists will be on-hand in Hall 6 - Stand 6020 to
present our latest range of engineered solutions.
Visit our stand today to experience the proven products and
value added services we offer our partners, to support their global
business needs.
Parker, leaders in engineering innovation for the oil and gas
industry
Hall 6 - Stand 6020
VISIT US AND WIN ANiPAD
To find out how Parker can support your business, contact us
today:
Parker Middle East FZEP.O.Box 262193, Dubai, UAETel :
+97148127100 Fax : +971 4 [email protected]
www.parker.com
ENGINEERING YOUR SUCCESS.
PARKER JUNIOR PAGE AD 1.11.12 NEW W166XH220CM copy copy.indd 1
07/11/2012 05:35
Expanding operationsBrown McFarlane meets business with steel
resolution
Brown McFarlane International is a specialist steel plate
distributor, processor and supplier of highly-specified, high
quality steel plate products to the oil and gas industry. Robert
Hey, the firms global financial controller talks to ADIPEC about
the companys expectations for this years show.
Tell us about your plans for ADIPEC?
Weve expanded our presence this year from a small booth in the
UK Pavilion in 2010 to a specially-designed standalone 27 square
metres stand. As the majority of Brown McFarlanes
customers in the Middle East either exhibit or visit the show,
ADIPEC is the perfect place to reconnect
with existing contacts. It also gives us the
opportunity to meet new contacts, develop new business and
network across the industry.
We are showcasing our complete range of products supplied from
our Dubai, UK, Antwerp and Singapore stock facilities.
We are also promoting our high value duplex and super duplex
stainless steel plates and showing a number of informational videos
on Brown McFarlane.
Any recent company developments?
Weve just moved to a new purpose-built steel stockholding
facility
in Jebel Ali Free Zone, Dubai, increasing our steel plate
inventory and specification range.
We also have a state-of-the-art plate cutting bay, so our
customers can buy cut plates and profiled shapes, reduce their own
scrap levels, and save both costs and production time.
As of April this year, the Indian subcontinent market is being
serviced from our Dubai office, ensuring customers have access to
steel plate stocks which meet their quality requirements and can be
delivered quickly.
Robert Hey, global financial controller, Brown McFarlane
NEWS11-14 NovemberHall 12, Stand AD095
ADIPEC is the perfect place to reconnect with existing
contacts.
Faure Herman is specialized in helical turbine and ultrasonic
flowmeters for liquid applications in the oil and gas industry. The
FH8400 ultrasonic flow meter is designed to accurately measure
flows in low and medium viscosity fluids.
The primary applications for the FH8400 include flow measurement
of hydrocarbons on platforms, in pipelines, terminals, loading and
offloading stations, FSO and FPSOs.
The operating principle of the FH8400 flowmeter
is based on the ultrasonic transit time method.
Six transducers are used in conjunction with a compact
electronics housing to provide the necessary ultrasonic signals.
These transducers are removable under pressure.
The unit offers
exceptional bi-directional flow measurement accuracy (+ /
-0.15%) over a wide range of fluids and viscosities.
It is available in sizes from 80-600 mm (3-24 inches), and is
OIML R117-1 / MID Class 0.3 certified.
Faure Herman FH8400 Ultrasonic Flowmeter
NEWS
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
What is Trouvay & Cauvins ethos?
Two aspects we take very seriously within the oil and gas sector
are safety and the environment.
Regarding safety, Trouvay & Cauvin Group has extensive
experience in performing interlocking surveys, selecting the right
interlocks as per process flow sequence, and their installation
and commissioning.In terms of the
environment, we have a team of experts to undertake survey and
energy audits, and refineries call us to help them in their energy
efficiency management. This year, we audited more than 6500 steam
traps in Abu Dhabi and Doha. Through our surveys and energy audits,
we aim to improve processes, increase efficiency, cut costs and
reduce environmental impact in aspects such as CO2 emissions.
Trouvay & Cauvin offers value-added solutions to improve the
operators larger steam network.
What are you featuring on your stand?
This year we want to demonstrate our complete know-how. Our
motto, global piping solutions provider, is more than just words,
its the way
we differentiate ourselves from the competition.
Global because thanks to our 21 branches covering the USA, Asia
Pacific, Europe, Central Asia and Middle East; our five logistical
platforms, and strong agent network, we are able to supply any
worldwide projects of all sizes and complexities.
Piping because with five stockyards located in Jebel Ali (UAE),
Doha (Qatar), Jubail (Saudi Arabia), North Rumaila (Iraq) and Port
Klang (Malaysia), we have 45,000 tonnes of process piping, valves,
actuators, fittings, flanges, structural steel, plates and water
network accessories readily available for our clients. This means
our clients dont have to wait for the entire quantity to be milled
and shipped before their project can begin. Added to our long
standing relationship with the worlds top manufacturers, it makes
us the one-stop sourcing and procurement partner.
Solutions because we cant be a pipes, valves and fittings
packager without offering a full range of services around project
management, logistics, and site or in-house pipe and valve
services. The comprehensive list of our services includes project
management, on-site activities such as pre-commissioning,
interlocking and actuation training, retrofit and maintenance,
steam surveys and energy audit. We also have a Valve Automation
Center for valve automation, testing and repair, and provide shop
machining and pipe finishing.
INTERVIEW
Global piping solutionsADIPEC talks to Laurent Marie, CEO of
Trouvay & Cauvin
Laurent Marie, CEO of Trouvay & Cauvin
NEWS11-14 NovemberHall 1, Stand 1100
Our motto, global piping solutions provider, is more than just
words, its the way we differentiate ourselves from the
competition
Gas set to bring self sufficiency to UAE
The United Arab Emirates (UAE) will soon produce enough gas to
become energy self-sufficient, according to a poll of oil and gas
professionals conducted at ADIPEC yesterday.
A massive 81 per cent of participants said development of new
gas recovery projects will meet the UAEs rising demand for the
commodity and make the country energy self-sufficient by 2030. By
contrast, 19 per cent of participants thought that the UAE will
need to continue relying on gas imports to sustain domestic energy
consumption over the next 18 years.
The Industry Snapshot Poll was conducted by global independent
technical advisor to the oil and gas sector, GL Noble Denton.
Senior professionals from across the industry also took part in the
poll online.
While the UAE holds an estimated 227 tcf
of natural gas, a large proportion of this is directly
associated with oil production; controlled by OPEC quotas. The
country has made a number of investments to boost gas output,
including the US$10 billion Shah Gas development project, which is
expected to produce 500 million cubic feet of the commodity a day
when it comes online in 2014.
Moss Daemi, GL Noble Dentons regional EVP, said: The UAE faces
significant challenges in increasing gas output to meet a surge in
domestic energy demands. Emirati governments have made huge
investments to address this issue, and the result of our poll shows
that industry professionals think these will reduce the countrys
reliance on imported natural gas through the Dolphin subsea
pipeline from Qatar.
The results of GLs daily ADIPEC Industry Snapshot Polls are
available from: www.gl-nobledenton.com
NEWS11-14 NovemberHall 8, 8095F
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Saudi Arabia is the worlds oil superpower, but domestic oil
consumption is starting to eat away at a greater proportion of the
countrys output, a trend the kingdom needs to arrest, says James
Gavin.
With rival producers like Iran constrained by oil embargoes,
Saudi Arabias position as the worlds most significant oil producer
the central bank of oil, as some call it has solidified over the
past year.
Riyadh has ramped up exports, meeting demand in global markets
and making up for shortfalls in supply. In April and June 2012,
Saudi output exceeded 10 million barrels a day (bpd) while in the
year-to-August 2012 period, production levels reached 9.9 million
bpd, an 8.5 per cent increase over the same period in 2011.
The kingdoms energy strategists are adamant it
will keep markets supplied. Saudi Arabia is comfortable pumping
at these levels, given a spare capacity buffer in the range of 2.5
million bpd, meaning it will continue to account for around 10 per
cent of global oil output.
Saudi Oil Minister, Ali Al-Naimi, said in September that while
the oil market was well supplied, the kingdom is ready to increase
its production to meet stronger demand and to moderate prices.
The average per-barrel price for Saudi crude in 2012 is
estimated at $109/barrel, nicely positioned above the $100/b
comfort zone identified by Riyadhs energy strategists.
The ideal price used to be close to the fiscal break-even price,
but now it is verging upwards. The government learned the lesson
from the 2008 financial crisis that oil
prices can go down very fast, so what they have done is create a
buffer between the break-even and what they consider a comfortable
price, says Fahad al-Turki, a senior economist at Riyadh-based
Jadwa Investment.
High production levels and strong prices have been a windfall
for the Saudis. Despite increased spending, the kingdom will
continue to record fiscal surpluses. Riyadh accumulated more than
US$155 billion in the first half of 2012. According to Jadwa, oil
revenue of SR1.08 trillion riyals in the period was 4 per cent
higher than last years actual revenue.
This provides little incentive to adopt a hawkish oil price
strategy, as the kingdoms stance at the June 2012 OPEC meeting
revealed. Naimi argued strongly for quotas to remain unchanged,
despite prices falling 31 per cent in three months to $90/b.
A likely budget surplus of 14.3 per cent of GDP means the
authorities
can allow for lower oil revenues, leaving the kingdom the worlds
only major producer capable of operating comfortably in a low-price
environment.
The authorities are comfortable with $100/b and if prices dip
below $90/b for any length of time then they will act to restrain
output - and vice versa if prices move above $120/b, says James
Reeve, senior economist at Riyadh-headquartered SAMBA Financial
Group.
Saudi Arabias confidence in its ability to manage the oil market
rests on the
continued existence of a spare capacity buffer. The authorities
have invested heavily in expanding production. Between 2004 and
2010, it brought 4.25 million bpd on stream. Offsetting capacity
declines, this yielded 2.5 million bpd of new barrels, lifting
sustainable production capacity to 12.5 million bpd. Work on new
and existing fields
SPECIAL FEATURE
The Central Bank of oilSaudi Arabias domestic oil consumption is
eating away at a greater proportion of the countrys output
The authorities are comfortable with $100/b and if prices dip
below $90/b for any length of time then they will act to restrain
output - and vice versa if prices move above $120/b
added nearly 413,000 bpd of capacity last year.
The next big increment will come on stream in the first half of
2013, with initial volumes of what will
ultimately provide 900,000 bpd of Arabian Heavy from the Manifa
field. Manifa crude is destined for the domestic market, feeding
refineries at Satorp in Jubail, a joint venture with Frances Total,
and Yasref in Yanbu, a joint venture with Chinas Sinopec.
InvestmentBased on current plans,
Aramco does not envisage an
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November 11-14, 2012Sustainable Energy Growth: People,
Responsibility, and Innovation
Official Publication
Onshore, Offshore, and Subsea
With technologies, engineering, and project management, Technip,
on land and at sea, safely and successfully, delivers the best
solutions for our clients in the Energy business.
Technips 1,500 employees permanently based in the Middle East
region, sustain large scale EPC, conceptual studies and FEED works
including greenfield and brownfield solutions.
Technip in Abu Dhabi+971 2 6116000/6100www.technip.com
Take it further
The merger of Global Industries and Technip was completed at the
beginning of December 2011
Stand #6050
increase in overall production capacity for at least five years.
It will, however, invest $35 billion in oil exploration and
development, over the same period, to keep production steady.
Aramco is reshaping its portfolio as it seeks to transform
itself into a fully integrated energy and chemical enterprise. It
is doubling refining capacity to 8 million bpd. Three
new refineries with a combined capacity of up to 1.2 million bpd
will come on stream in the next few years. It also wants to create
an $80 billion chemicals business to capture more value from an
increasingly diverse product slate.
Valued as these supply increments are, Saudi policy makers know
they must prepare for a more daunting challenge. One
SPECIAL FEATURE
of the corollaries of the development of the Saudi economy has
been a steady rise in domestic demand, such that meeting it now
consumes roughly a third of the countrys production.
This is forcing the authorities to consider more carefully how
the kingdom consumes energy, an issue as critical as how it
produces and sells its oil.
Saudi power demand is growing by an average 8-10 per cent a
year, and Saudi Electricity Company (SEC) has planned 33 tenders
between 2010 and 2018 for new or expanded power plants, which will
boost total capacity by 21,065 megawatts (MW). With gas supply
constrained, some of these facilities will be oil-fired.
Jdwa notes that domestic consumption would, on current trends,
reach 6.5 million bpd in 2030, exceeding export volumes. Since
total Saudi production is unlikely to rise above 11.5 million bpd
by 2030, says the bank, that will reduce the amount it can provide
to the market.
Of course, the government is unlikely to allow crude exports to
be threatened by domestic use.
A report issued by Citigroup in September highlighted the
possibility
that the kingdom may become a net oil importer within 20 years.
Reeve says this report extrapolates from current trends. Clearly,
domestic consumption is too high, but the authorities are taking
steps to fix the supply side. But they do need to fix the demand
side by raising the price of gasoline and power. I dont think this
is going to happen in the short term, given delicate regional
politics, but it will happen at some point.
On the supply side, Saudi Arabia will focus investment on
boosting renewable energy. The King Abdullah City for Atomic and
Renewable Energy (KA-CARE) will add 41 GW of solar, 17GW of
nuclear, 4GW of geothermal and waste-to- energy capacity over the
next 20 years. KA-CARE says that installing that much solar would
meet a third of projected power demand in 2032, cutting oil and gas
demand in half.
While Saudi Arabias position as the central bank of oil remains
unchallenged, the need to diversify its energy sector is apparent.
Recent moves suggest policy makers are laying the foundations for
such a transformation.
His Excellency Ali Al Naimi, Saudi Oil Minister
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A brief chat with a NAFFCO spokesman reveals a great deal of
pride and passion.
What do you hope to achieve at ADIPEC?
As the official fire and safety partner for the event, NAFFCO
would like to demonstrate its commitment to the Middle East oil and
gas industry by showcasing our brand of approved products and
systems. These are listed by UL, FM and
other international quality certifying bodies. We hope to
enhance awareness of our growing products and services amongst
customers old and new.
What specialist equipment do you supply to the energy
industries?
NAFFCO is a complete solution provider, and a leader in fire
protection and after-sales services. Clients and customers feel
protected and secure, working with trusted
INTERVIEW
NAFFCO making fire safety officialCertification, protection and
peace of mind
NAFCO is displaying a fire engine on its stand
NEWS11-14 NovemberHall 9 Stand 9025
NAFFCO is a complete solution provider, in fire protection and
after-sales
Our rental fleet includes:Lighting Towers, Generators, Air
Driers, Compressors, JY 500 Boosters, Pumps, Nitrogen Membrane
Units
Short term rental, long term
leaSe of equipment acroSS mena
Tel: +971 2 657 3400, +971 4 293 2615 Email: [email protected],
www.speedyservices.com
Visit us at ADIPEC 2012, Stand 7123, Hall 7 11-14 November 2012
at ADNEC, Abu Dhabi.
UAE OMAN EGYPT QATAR KSA UK
partners like NAFFCO.
What makes you stand out from the competition?
We are proud to employ more than 350 engineers, using state of
the art manufacturing facilities, and of our after sales service
and training. We stand out from others by the team work, spirit and
tools the company provides. We further stand out based on the
number of international quality approvals we hold, and because of
our continuous commitment to product and system development.
Where are you seeing growth?
We believe that when
you stop growing and developing, youll go back. NAFFCO serves
more than 105 countries. By the end of 2013 we hope to serve 120
countries or more. Continuous development of products and obtaining
quality approvals happens every day at NAFFCO. Our strongest
markets are the Middle East, Africa and South America.
What percentage of your business comes from the energy
sector?
About 10 per cent, but we are looking to be above 30 per cent by
2013. Our vision by 2015 is to be the main total fire protection
solution provider for the energy sector.
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Japans energy future will still look to hydrocarbons well into
the future as an answer to its energy needs, especially following
the devastating impact of Fukushima last year, according to the
president of Japan Oil, Gas and Metals National Corporation
(JOGMEC).
Hirobumi Kawano, speaking during the second plenary session
yesterday afternoon, told an audience of industry professionals
that Japan is confident that hydrocarbons will play a long-term
role in its energy security.
As you know we had a very severe accident last year. The
government is still in the process of reviewing
its energy mix policy. But as a person in charge of this
upstream business [I think that] Japan has to rely on more
hydrocarbons, he said.
Kawano also spoke about attracting the next generation of talent
to the upstream oil and gas industry -admitting that it was a
challenge as other industries were luring them away.
Let me touch upon recruiting young people into this industry,
recently young people have preferred to go to, for instance, the
financial sector, and wont come into our business. But we need to
let them know we are in a very high-tech industry, and will welcome
them to the field.
Kawano also expressed
JOGMECs eagerness to form new collaborations and partnerships
with oil producing countries and that his organisation was keen to
jointly develop field technologies it has been experimenting
with.
The executive plenary
session Kawano was speaking at - Strategy and Vision Technology
Deployment - covered other areas in relation to upstream and
downhole technologies, such as intellectual property and reducing
drilling project cycles.
EXHIBITOR FOCUS
Turnkey refurbishments
Exhibiting at ADIPEC for the second time, Sharjah-based Top
Oilfield Industries provides land and marine rig refurbishment, and
in the manufacture, repair, overhaul and modification of oilfield
drilling equipment.
This ADIPEC, Top Oilfield is occupying a considerably larger
space in the new Outdoor area at the event. I have no doubts that
ADIPEC is a great place to showcase Top Oilfields unique blend of
products and services, said the firms MD, Ian Midgley. Our ambition
is to spread word of our specialist one-stop shop approach to
oilfield maintenance. We are treating ADIPEC 2012 as a vehicle to
showcase current growth and future opportunities.
We have a BOP control unit designed by Top Oilfield to show on
our stand, plus a batch mixer and high pressure, engine driven
pumping unit weve also developed. There are demonstration videos on
the work we do and experts on hand to provide explanations and
information.
Top Oilfield provides all services from the
ground up, including mechanical, electrical and steelworks. Its
jack-up refurbishments extend to both land and marine applications,
removing from site the machinery/parts that need overhauling and
carrying out the work in-house at its own facilities. These have
expanded significantly, particularly in the past year, with offices
and facilities now in Bahrain (in partnership with Asry Shipyard)
and India, as well as its existing Sharjah facilities.
The international branches will develop the companys business in
the Northern Gulf and with ONGC (Oil and Natural Gas Corporation,
India), while the company has also considerably expanded its
project management team in all its locations.
Since opening its Bahrain office, the company has already
carried out two jack-up refurbishments in 2012, and has one more
starting in the New Year. Other recent projects include three
complete land rig refurbishments, all for US firms, and a jack-up
project in Egypt for Shiv Vani Oil and Gas.
NEWS11-14 NovemberOffshore and Marine Area, Stand G580
Our ambition [at ADIPEC] is to spread word of our specialist
one-stop shop approach to oilfield maintenance.
Reconnecting with industry decision makersEmdad enables higher
levels of reliability and performance
An arm of Albawardi Enterprises, a long established corporate
entity based in Abu Dhabi with diverse divisions and interests,
Emdad, formerly Al Bawardi, was formed in 1979. With mission
critical products, projects and procedures, Emdad has enabled ADs
key energy players to achieve higher levels of reliability and
performance.
As one of the major oil and gas service companies in the region,
Emdad has always taken ADIPEC as an opportunity to introduce its
latest achievements, reconnect with oil and
gas decision makers, and exchange ideas and views on the
industry, said a spokesman for Emdad, the Abu Dhabi headquarted
company. With our stand, we tried to express that we are looking at
the industry from every aspect, while focusing on efficiency and
highest HSE standards.
At every ADIPEC, Emdad invites its top principals and joint
ventures to exhibit under its umbrella. This year almost 30
principals are exhibiting from more than 100 principals in Emdads
portfolio. To mention a few: Flowserve, Masterflo, MARCAP, Inpipe,
Emjel, Transfield Emdad, Silvertech, Prezioso Emdad, EBARA,
DRIL
QUIP, OMK, STS, ILF, ESI, IMS, Emdad Gulf Catering and Hyosung
Goodspring, the spokesman said.
The company has launched a valves testing and maintenance
workshop at its industrial complex in Mussaffah. The workshop
has serviced a range of KPC valves, from 20-36, of different
classes. Emdad has updated its Integrated Management System to
comply with API SPEC Q1 Standard and ISO/TS 29001/2010
certification by API.
NEWS11-14 NovemberHall 3, Stand 3030
Japans energy future lies in hydrocarbons
Hirobumi Kawano
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Tawazun Precision Industries represents the new vanguard of Abu
Dhabi businesses striving to make the most of local talent and
resources, while ably competing in the global arena. TPIs CEO,
Muaatasem Awda, spoke to ADIPEC Show Daily about the company, its
aims, and ADIPEC.
Tawazun Precision
Industries (TPI) is a subsidiary of UAE-based strategic
investment firm, Tawazun Holding, which is building manufacturing
and engineering businesses. TPI manufactures and provides a service
centre to a number of UAE-based operating companies and agents, as
well as international organisations.
We deliver complex components to the oil and gas, aerospace and
defence
industries with export operations worldwide. Our facility is
located in Tawazun Industrial Park (TIP), just outside Abu Dhabi
city. Our 25,000 square meter facility houses more than 100
different types of equipment and machinery, operated by more than
250 skilled workers including Emirati nationals 24 hours a day, 7
days a week.
The quality of our capabilities is evidenced by a strong
customer base: we produce components for UAE companies, our sister
Tawazun Holding companies, and international industry names.
Throughout the entire project cycle, we
promise customers total quality management, superior service and
manufacturing innovation.
After your 2010 debut at ADIPEC, how has your entry into the oil
and gas sector been?
When we first started operations in 2007, TPI only manufactured
items for the defence sector. Today, we include aerospace and oil
and gas offerings, and are the preferred supplier of machined
components and services for a diverse portfolio of international
clients.
By integrating total quality management throughout the entire
design and manufacturing process, weve been able to enhance
our offerings, build our customer base and extend our reach.
ADIPEC 2010 was the best platform to showcase these
capabilities.
We believe our presence at ADIPEC 2012 is equally important to
showcase the solid foundation that the company has established in
the past two years, and to share our vision with our customers and
partners in the industry.
Where are your biggest markets?
We believe the venue for growth is present locally and
internationally. There is no doubt huge potential growth in Abu
Dhabi, being the second largest oil producer in the Middle East;
and considering its current aggressive plan to boost
oil production capacity to reach three million bpd.
We are committed to being a part of that potential growth and
becoming the preferred manufacturer of choice for major OEMs in the
region. Additionally, taking into consideration current market
economics in Europe and the Far East, we are looking to ensure we
can support our international partners through our competitiveness
and quality support abilities.
MOVER AND SHAKERS
Supporting local growthDelivering complex components to oil and
gas
NEWS11-14 NovemberHall: 4 Stand: 4082
Muaatasem Awda, CEO, TPI
Now is the time to localise manufacturing of equipment used in
the UAE, in co-operation with major OEMs
AVEVA design, engineering and enterprise software Building
ReputationsOwner Operators, engineering contractors and
shipbuilders the world over trust AVEVA to create and operate the
most complex engineering assets.
We empower our customers to make thousands of accurate design,
engineering and business decisions every day, across the entire
project and asset lifecycle. You too can benefit from improved
productivity, minimised risk and reduced costs, resulting in
maximised ROI.
The leader in design, engineering and information management
software for the process plant, power and marine industries, AVEVA
invests in our customers success through a global sales and support
network in more than 40 countries.
AVEVA building solid reputations for 45 years
www.aveva.com | [email protected] Visit us at in Hall 7,
Stand 7127
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PRODUCTION ENHANCEMENT
PermStimSM ServiceThis new fracturing fluid system from
Halliburton simply out-performs guar-based systems. PermStimSM
fracturing service provides improved well clean-up, enhanced
proppant pack permeability, controllable viscosity and excellent
proppant transport. Applicable across a wide temperature range,
PermStim fluid is residue-free, and cleaner is always better.
Whats your production enhancement challenge? To learn more,
visit us on Stand 7040 for a meeting or go to
halliburton.com/PermStimBroken cross-linked gels of PermStim
fluid and a commonly used guar-based fluid. The broken PermStim
fluid is clear, containing 0% residue, while the broken guar-based
fluid was found to contain 10% insoluble solids.
Residue-free fluid provides better fracturing results than
guar-based fluid systems.
Solving challenges.
2012 Halliburton. All rights reserved.
H104-12 ADIPEC Show Daily.indd 1 10/10/12 10:46 AM
Building a new EmpireStunning gifts designed especially for
ADIPEC
Empire Gifts produces excellent quality gifts with special
Arabic style.
It can also customize all items at customers request, providing
a high standard of corporate goods. Empire Gifts started six years
ago, with the idea of creating a unique gift collection.
Director, Aknur Bakirova said: Empire is already recognized as a
successful image-making solution for many financial institutions,
energy companies, events such as ADIPEC, embassies, and all
diplomatic and trade missions. An ethnic base, innovative
materials, functionality and limited edition are distinctive
features of any Empire collection item. The international team of
designers works constantly on self-improvement in the field of
history and traditions, specifically in the UAE. ADIPEC and Empire
Gifts worked closely together to present the Excellence in Energy
Awards judges with a unique gift a beautiful, unique gold key ring
incorporating a USB
memory card; combining traditional motifs with modern
technology.
through to manufacture / rental installation hook-up and
commissioning.
Were not looking for quick win contracts and thats so important
in this region. We know that business is about developing long-term
relationships and showing that were flexible, innovative, proactive
and customer-orientated.
2012 is proving to be a great year for us. Since the expansion
into the Middle East we have quadrupled the size of our fleet and
we expect further growth by the end of the year. This year we are
looking for a new operations base one we can call our own and we
plan to move in by Q1 2013.
2012 has proved a fruitful year in the Middle East for the
company, with a flurry of significant account wins including
McDermott International, Abu Dhabi-based National Petroleum
Construction Company (NPCC), Hercules Offshore, Al Jaber, GMS and
Earth.
The stylish gift presented to judges
International well flow management company, Expro, is showcasing
its complete package of products and services which span the full
lifecycle of a well, including drill stem testing (DST), well
integrity services
software SafeWells and Expro Meters.
Hussein Elsisi, business development manager for the Middle East
and North Africa said: Expro has been established in the Middle
East for many years, providing a full range of well flow management
products
and services to our global customers. We are delighted to take
part in ADIPEC this year, which is an important platform to engage
and update our customers on our exciting technology
advancements.
Expros DST capabilities provide technology and specialist
data services from reservoir to disposal, including tubing
conveyed perforating, data acquisition, surface read-out through
cableless telemetry, fluids sampling and analysis, compact well
testing solutions and enhanced flow measurement.
NEWS11-14 NovemberHall 9, Stand 9072
Expro - go with the well flow
Around AdipEc
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High demand from Italian companies has meant an additional space
in Hall 12. The Italian Pavilion has been organised by
International Exhibition Services (IES) which stages international
exhibitions
both in Italy and overseas. Piero Zipoli, President
of IES said: ADIPEC is the must attend oil and gas event in the
region. The event is designed to bring together leading lights of
the industry and provide attendees with the
opportunity to build business relationships. At each show we are
seeing an increase in Italian companies, who either wish to return
to ADIPEC or join longstanding clients. They see what they have
achieved over the years by being at ADIPEC.
IES has been involved with ADIPEC since its first edition in
1984. As a company, we have witnessed an incredible growth, both in
terms of the scale of the show and the organisation. Companies who
join the
Italian Pavilion have found it an invaluable tool for accessing
the Middle East and African markets - and with this year predicted
to draw more than 45,000 attendees there are considerable
networking benefits.
italian pavilion
Italian exhibitors out in full forceWith 765sqm and 34
exhibiting companies, the ADIPEC 2012 Italian National Group has
its largest presence yet
TAL Group has been a major European trader of steel pipes for
more than 30 years. It has stock levels of around 65,000 tonnes
within 210,000 square metres of yard space (equal to 30 football
fields). These include black, galvanised and coated carbon steel
pipes (seamless and welded), plus alloy and stainless steel pipes
for oil and gas, chemical/petrochemical applications, offshore,
power industries and construction.
Established in 1992, Fores Engineering specialises in systems
for both upstream and downstream oil and gas, for offshore
platforms, onshore plants, petrochemical, chemical and power plant
fields. This includes the engineering, construction and
commissioning of skid-mounted package units, wellhead control
panels, process analyser systems, shelters, and control and safety
systems. The company also provides technical supervision and
after-sale technical assistance services.
NEWS11-14 NovemberHall 2 and Hall 12
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TAL Group, Hall 12, Stand AD132B
SA Fire Protection, Hall 12, Stand AD132
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SA Fire Protection is showcasing its VDD double chamber deluge
valve, made of Ni-Al-Bronze, a highly corrosion resistant material.
Validated by Bureau Veritas, this new innovation is specifically
designed for harsh environments, such as onshore/offshore
installations and chemical plants, and is suitable for sea water,
foam concentrate and water foam solutions, said a spokesman. The
VDD deluge valve has two priming chambers, each with its own
diaphragm and actuation trim, which offer two independent waterways
to the water spray system.
Established for more than 50 years, Cemp has one of the most
comprehensive ranges of electric motors for hazardous areas
available on the market, including flameproof, explosion proof and
non-sparking motors. Cemp motors are ideally used in high risk
areas such as oil and gas environments. Cemp products are used by
petrochemical plants, refineries, platforms, manufacturing plants
and oil and gas pipelines. The company has sold more than a million
motors all over the world.
Peroni Pompe has been manufacturing reciprocating pumps since
1895. In the early fifties, the company designed and manufactured
pumps for the worlds first urea production pilot plant. In the
1980s, Peroni became part of the Eni/Agip Group, which gave it the
opportunity to e